Apple CEO Tim Cook may have to deal with his first real crisis if reports about company security officers impersonating cops turn out to be true.
According to SF Weekly, the man at the center of lost iPhone 5 story said that six officials he thought were San Francisco police officers searched his home in July. SF Weekly reports:

If accurate, his account raises the possibility that Apple security personnel attempting to recover the prototype falsely represented themselves as police officers -- a criminal act punishable by up to a year in jail in the state of California -- or that SFPD employees colluding with Apple failed to properly report an extensive search of a person's home, car, and computer.

Now a lost prototype isn't exactly a crisis for Cook, but the events that follow could become a major headache. According to Sergio Calderon, the man at the center of the lost iPhone 5 story, six people wearing badges showed up to look for a lost iPhone that was traced to him via GPS. SF Weekly also reports that these folks said they were from the San Francisco Police Department.

Losing a prototype is one thing. Impersonating the cops is another matter entirely. Now that SF Weekly has connected this lost iPhone 5 saga to Anthony Colon, an Apple investigator, this flap could turn out to be a real problem.

After Steve Jobs stepped down as CEO, Cook probably thought his next big item was to launch the iPhone 5. Now it looks like Cook's first big chore will be putting out fires related to the lost iPhone 5 prototype.